SoftBanks India IPO Wins Offer Reprieve Amid AI and Earnings Concerns

SoftBank, despite recent setbacks with its own stock due to disappointing earnings and market concerns about AI, is experiencing success in the booming Indian IPO market. Three SoftBank-backed companies have recently gone public in Mumbai with significant share price increases, potentially providing funds for CEO Masayoshi Son`s AI and semiconductor investments. While SoftBank`s Vision Fund reported losses in the last quarter, these IPOs offer a positive sign, particularly after previous disappointments in India. Although SoftBank has sold a small portion of its shares in these companies, it retains significant holdings and views these IPOs as a strong start.